Stralem Takes Full Advantage of Integrated Performance Analytics Capabilities in Advent Portfolio Exchange®

Stralem Takes Full Advantage of Integrated Performance Analytics Capabilities in Advent Portfolio Exchange®

Advent’s Performance Analytics Helps Firm Deliver Greater Investor Transparency

SAN FRANCISCO – December 8, 2009 - Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Stralem & Company, Inc. has selected Advent Portfolio Exchange® (APX), Advent’s award-winning, integrated portfolio and client relationship management solution, to take full advantage of APX’s performance analytics capabilities. 

With $2.2 billion in assets under management, Stralem is an asset management firm focused on U.S. large cap equities. Previously, the firm used a third-party performance analytics program which required a significant amount of time and effort to import and format the data.  Stralem needed a robust, integrated portfolio management platform to streamline the portfolio analysis process and turned to APX for its integrated performance analytics capabilities. 

APX’s performance analytics reports enable portfolio managers to quantify exactly how their management decisions contributed to portfolio performance.  Stralem relies primarily on two of the system’s analytics reports:

  • Performance Attribution quantifies the impact of investment decisions and compares portfolio performance to a benchmark over any period.
  • Performance Contribution shows how each segment contributed to a portfolio's overall performance, with the option of comparison to a benchmark.

“Having an in-house analytics capability is increasingly essential in today’s environment,” said Jeremie Sebban, Performance Analyst, Stralem & Company.  “An easy-to-use analytics product like APX, which is updated on a daily basis, really helps the portfolio manager have a keen and fresh idea of what’s going on and a better understanding of the short-term drivers. In addition, more and more consultants, and even clients themselves, ask for attribution, so we have to be able to provide that information in a timely fashion.”

“APX was one of the first portfolio management solutions to integrate portfolio accounting, client relationship management, reporting and performance analytics on a single platform,” said Michele Holton, Director of Product Marketing at Advent.  “Having analytics integrated into APX is a significant value proposition for our customers.  We’re hearing from more and more clients that APX analytics helps them deliver greater transparency for enhanced investor confidence.” 

About Advent Portfolio Exchange®
Advent Portfolio Exchange® (APX) is an end-to-end portfolio management solution that integrates the front-office functions of prospecting, marketing, and customer relationship management with the back-office operations of portfolio accounting and reporting.  This enterprise solution leverages a single SQL database to deliver critical client information via an easy-to-use browser-based user interface.  APX delivers improved client service with enhanced security for today’s amplified compliance environment. For more information on APX visit our APX page.

About Advent
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983.  Firms in 60 countries rely on Advent technology to run their mission-critical operations.  Advent’s quality software, data, services and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs.  Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support and services organization.  For more information on Advent products visit our product demo page.

Advent, the Advent logo, Advent Software and Advent Portfolio Exchange are registered trademarks of Advent Software, Inc.  All other company names or marks mentioned herein are those of their respective owners.

Jessica Miller
Advent Software, Inc.
(415) 645-1668